RBC Capital Maintains Outperform on SSR Mining, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Siperco maintains an 'Outperform' rating on SSR Mining (NASDAQ:SSRM), but has lowered the price target from $22 to $15.
November 03, 2023 | 5:52 pm
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NEGATIVE IMPACT
SSR Mining's price target has been lowered from $22 to $15 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of SSR Mining's stock. However, the maintained 'Outperform' rating suggests that the stock is still expected to perform better than the market or other stocks in the same sector. This could lead to mixed reactions in the market, but the lowered price target is likely to have a negative impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100